Mattioli Woods profits soar 96%

Mattioli Woods posted a 96% jump in pre-tax profits for the six months to 30 November 2021.

The wealth management firm from £7.2m a year previously to  £14.1m thanks to a number of successful takeover deals.

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Chief executive Ian Mattioli MBE said: “In the first six months of this financial year saw the Group build momentum, having shown resilience in spite of the economic and political complexities that persisted throughout 2021.”

“The eight acquisitions completed since 1 June 2020, including our two largest acquisitions to date: Maven and Ludlow, contributed £19.4m of revenue in the period,”

Shareholders saw a interim dividend payment of 8.3p, which was an increase of 10.7% compared to the previous year.

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